Infrastructure funding for US projects will be used

The US Government is looking to ensure that unused funding for infrastructure projects will be used efficiently. Those projects that have stalled due to other issues may see existing funding reassigned to other infrastructure projects that are further ahead. The US Transportation Secretary Ray LaHood is making over US$470 million earmarked for projects
September 3, 2012 Read time: 1 min
The 908 US Government is looking to ensure that unused funding for infrastructure projects will be used efficiently. Those projects that have stalled due to other issues may see existing funding reassigned to other infrastructure projects that are further ahead. The US Transportation Secretary Ray LaHood is making over US$470 million earmarked for projects that have stalled available to states for projects that will create jobs and help improve transportation across the country. Some $473 million in highway earmarks from FY2003-2006 appropriations acts still remain unspent. Those acts contain provisions that authorise the Secretary to make the unused funds available for eligible surface transportation projects. Effective today, state departments of transportation will have the ability to use their unspent earmarked highway funds, some of which are nearly 10 years old, on any eligible highway, transit, passenger rail, or port project. States must identify the projects they plan to use the funds for by October 1, and must obligate them by December 31, 2012.

For more information on companies in this article

Related Content

  • Carry on Movin’ On - Michelin’s mobility event
    October 15, 2018
    Many of the great and the good in the global mobility sector gathered at this year’s Movin’ On event in Montreal. Measured regulation of technologies and safety issues were major themes, reports David Arminas Autonomous vehicles, platooning, smart intersections and safety – these were the talking points over two and half days of the Movin’ On event in Montreal. Everyone in the mobility sector is at the same point, trying to see what mobility will look like in the future. Apparent at the event was just
    Read More
  • French infrastructure to be privatised?
    July 4, 2012
    How will the deep cuts hitting France's national budget affect French roads and highways? Gordon Feller discusses France has one of the most modern transport systems in Europe, the result of decades of public spending on the sector as well as other infrastructure. The government historically has awarded contracts to build infrastructure to French construction and engineering companies, some of which are now among the world's largest contractors. Among other achievements, France's infrastructure programme re
    Read More
  • Brazilian mine and infrastructure projects create jobs
    June 11, 2012
    A huge $5 billion Brazilian mine project together with extensive infrastructure developments is expected to create 8,000 jobs Huge export opportunities in Brazil, including equipment for aggregate production and highway construction, are being highlighted by the UK Construction Equipment Association (CEA). UK Trade & Investment (UKTI) has appointed the CEA to deliver a UK Information Share Fair and extended Trade Mission to Brazil to promote a major high value opportunity for UK manufacturers and service pr
    Read More
  • “Structurally deficient” US bridges need warning signs, says ARTBA
    April 10, 2015
    A US construction sector group wants warning signs to be posted on bridges designated “structurally deficient" and in need of repair by state engineers. More than 61,000 structurally deficient bridges remain in need of significant repair, according to the American Road & Transportation Builders Association (ARTBA), which analysed the US Department of Transport’s National Bridge Inventory database. However, by the end of 2014 there were more than 2,000 fewer structurally deficient structures than in 20
    Read More

Highlighted Content